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New York, USA
The Pakistan Tanners Association (PTA) South Zone on January 19 hailed parliament’s gesture to defer the decision of extending the continued recovery of Gas Infrastructure Development Cess (GIDC), which, they say, is unjustified and pushing up the cost of doing business.
In a statement, PTA Chairman Hamid A Zahoor said that the government had already imposed GIDC to meet the budget deficit, whereas it also added a five percent tax on petroleum products.
He requested members of parliament declare the GIDC duty null and void in the next session, as it was already termed illegal by the high courts and Supreme Court of Pakistan (SCP).
Zahoor emphasised that the billions of rupees that have been collected against GIDC over the years should now be returned back to the industries including the leather industry, or adjusted against the future bills from gas companies.
The Supreme Court banned the collecting of gas Cess from the industrial, fertiliser, and power sectors, in an order rejecting a federal government petition seeking to restore the duty.